Harbour Capital Advisors LLC lowered its stake in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,960 shares of the industrial products company’s stock after selling 250 shares during the period. Harbour Capital Advisors LLC’s holdings in Axon Enterprise were worth $305,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in Axon Enterprise by 1,515.0% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,615 shares of the industrial products company’s stock valued at $111,000 after buying an additional 1,515 shares in the last quarter. First Mercantile Trust Co. boosted its position in shares of Axon Enterprise by 100.0% during the 3rd quarter. First Mercantile Trust Co. now owns 2,400 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 1,200 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Axon Enterprise during the 3rd quarter valued at approximately $203,000. Stratos Wealth Partners LTD. bought a new position in shares of Axon Enterprise during the 3rd quarter valued at approximately $204,000. Finally, Meridian Investment Counsel Inc. bought a new position in shares of Axon Enterprise during the 3rd quarter valued at approximately $205,000. Institutional investors and hedge funds own 80.61% of the company’s stock.
In other Axon Enterprise news, CEO Patrick W. Smith sold 107,000 shares of Axon Enterprise stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $42.27, for a total value of $4,522,890.00. Following the transaction, the chief executive officer now owns 632,520 shares in the company, valued at $26,736,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark W. Kroll sold 3,100 shares of Axon Enterprise stock in a transaction dated Sunday, December 16th. The shares were sold at an average price of $22.85, for a total value of $70,835.00. Following the completion of the transaction, the director now owns 55,135 shares in the company, valued at approximately $1,259,834.75. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Shares of NASDAQ:AAXN traded up $0.84 on Friday, hitting $55.43. 419,388 shares of the company’s stock were exchanged, compared to its average volume of 479,093. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 205.30, a price-to-earnings-growth ratio of 3.49 and a beta of 0.97. Axon Enterprise Inc has a 12 month low of $27.19 and a 12 month high of $76.45.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. BidaskClub upgraded Axon Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Robert W. Baird upgraded Axon Enterprise from a “neutral” rating to an “outperform” rating in a research report on Friday, November 9th. ValuEngine downgraded Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 4th. Finally, CL King restated a “hold” rating on shares of Axon Enterprise in a research report on Monday, October 22nd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.18.
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About Axon Enterprise
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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